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Reborn

1. About BOX

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Risk Warning

The strategy of regular investing is objectively correct, but it is impossible to remove subjective judgment from the choice of investments for regular investing. So the choice of investments for regular investing is the responsibility of each investor. Each investor must use their own money and time over the long term to take responsibility for their choices. Please be cautious.

This section is primarily about how I chose BTC, EOS, and XIN to be the components of BOX, and it necessarily contains some of my own subjective judgments. You must use your own objective understanding of the objective world to choose your own investments.

Conflict of Interest Notice

  • I am a long-term holder of BTC (from May of 2011)
  • I was an angel investor in BlockOne, which developed EOS (initial investment in May of 2017; all shares sold in 2018)
  • I was an angel investor in Mixin Network (October of 2017)

BOX is an abbreviation for Btc + eOs + Xin, which were the original three components of BOX. BOX is a "box" of assets, and as time goes on new assets will be added. The purchase and redemption of BOX can be done on the b.watch website.

1.1 Introduction to BOX

BOX is a blockchain token that tracks a basket of mainstream blockchain assets.

The conditions for redeeming BOX are as follows:

If the market value of your BOX exceeds $100,000, the redemption fee is 1%. Alternatively, you can sell it directly on a secondary market, in which case both parties will be charged a commission of 0.1%. If you are regularly investing, you can choose a time after which you may sell (e.g., three years).

BOX is an ETF product, but it is different from the funds you have seen before, in that it doesn't charge a management fee. Why? Because I don't want to earn a management fee. And I am also regularly investing in BOX.

BOX is 100% open and transparent. The addresses in which assets are held are public, and you can check them at any time. All of the records are on the Mixin public chain, and you can find instructions to check the addresses on the b.watch website. What amount of digital assets are in BOX? How many corresponding BOX tokens are circulating? How many BOX tokens are still in "cold storage" (including those for future distribution and those that have been redeemed)? The data to answer all of these questions are open and transparent, so BOX can not be casually inflated, and its circulating supply cannot be casually increased. If BOX is listed on any exchange, users can use also use this data to confirm that the exchange is not artificially inflating the supply of BOX. (As to why this is important, it will take a novice some time to learn and understand.)